What Does Our "Starting At" Pricing Mean?
When you get to RenewDigital.com, you may have noticed our "Starting At" pricing listed on several options. But, what does this mean?
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Team Renew is a group of imaging experts that love talking about dental technologies. Have a question? Team Renew can answer it!
When you get to RenewDigital.com, you may have noticed our "Starting At" pricing listed on several options. But, what does this mean?
It’s hard to believe, but it’s that time of year again to start thinking about how to reduce your practice’s tax liability for 2023.
Section 179 of the IRS tax code, designed to encourage small businesses, such as dentists and dental specialists, to invest in their practices, allows them to deduct the full purchase price of qualifying equipment and/or software that has been purchased or financed during the tax year from their total gross income.
For dental practices, this means that the cost of equipment like CBCT scanners, digital X-ray machines, intraoral cameras, and even software can be fully or partially deducted from gross income. This means your practice can write off the full purchase amount this year and are no longer required to depreciate the equipment over time as they have in previous tax years.
Let's review how dental professionals can calculate their Section 179 deductions for dental imaging equipment.
It’s hard to believe, but it’s that time of year again to start thinking about how to reduce your practice’s tax liability for 2022. Section 179 of the IRS tax code, designed to encourage small businesses, such as dentists and dental specialists, to invest in their practices, allows them to deduct the full purchase price of qualifying equipment and/or software that has been purchased or financed during the tax year from their total gross income. This means that they can write off the full purchase amount this year and are no longer required to depreciate the equipment over time as they have in previous tax years.